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Alimony

The divorce court judge can rule that one divorcee must make recurring payments to the other for spousal support. These payments are generally calculated based on the income that each former spouse generates, but many other extraneous factors must be taken into consideration during the calculations. For example, the federal income tax consequences of alimony payments, that is, the deductibility of qualifying payments by the payor spouse and the taxability of payments to the payee, may affect the planning and negotiation of a settlement between the parties. Our attorneys are prepared to take all such factors into consideration in working to obtain the appropriate alimony settlement for our client.

The Court is guided by the following statute when making an award or denial of alimony:

(2): In determining a proper award of alimony or maintenance, the court shall consider all relevant economic factors, including but not limited to:

(a)  The standard of living established during the marriage.

(b)  The duration of the marriage.

(c)  The age and the physical and emotional condition of each party.

(d)  The financial resources of each party, the nonmarital and the marital assets and liabilities distributed to each.

(e)  When applicable, the time necessary for either party to acquire sufficient education or training to enable such party to find appropriate employment.

(f)  The contribution of each party to the marriage, including, but not limited to, services rendered in homemaking, child care, education, and career building of the other party.

(g)  All sources of income available to either party.

The court may consider any other factor necessary to do equity and justice between the parties.

Florida Statute 61.08.

Contact the attorneys at Taracks Gomez & Associates to discuss the above factors and how they may impact your alimony matter.

 

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